The Global Sodium Reduction Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Sodium Reduction Ingredients Market is estimated to be USD 900 million and predicted to rise to USD 1550 million with a CAGR of 11.5%. The market is segmented by Type (Amino Acids, Mineral Salts, Yeast Extracts, others (hydrolyzed vegetable protein, trehalose, nucleotides)), by application (Dairy, Bakery & Confectionary, Meat Products, Sauces, Seasonings & Snacks, others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for Sodium Reduction Ingredients is mainly driven due to increasing awareness regarding health effects of excessive sodium consumption and government bodies promoting various awareness programs and setting guidelines for food manufacturers regarding sodium level in their products. But, the market growth can be hampered due to limited people sticking to minimal sodium usage.
The mineral salts segment accounts for the largest market share followed by the yeast extracts segment. Mineral salts and yeast extracts have been gaining significant growth for serving as an important component in food products due to the health benefits derived from them, without compromising on the flavor and taste. The demand for sodium reduction ingredients in the sauces, seasonings & snacks segment accounts for the largest share, while the bakery & confectionery segment is projected to be the fastest-growing.
Geographically, North America is the biggest market in terms of market share across the globe, followed by Europe. The European market for Sodium Reduction Ingredients is witnessing a considerable growth due to high growth owing to the presence of health conscious individuals in the region. The Sodium Reduction Ingredients market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing consumer preference towards convenience, ready-to-eat meals and packed food in the region.
Cargill, Incorporated, Kerry Group Plc, Royal DSM N.V., Angel Yeast Co. Ltd., E.I. du Pont de Nemours & Co., Cambrian Solutions Inc., Associated British Foods plc, Givaudan SA, and Company, Innophos Holdings, Inc, Jungbunzlauer Suisse A.G., Sensient Technologies Corporation and Tate & Lyle PLC are the major players of Global Sodium Reduction Ingredients market.
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